Verizon believes the stake is worth around $100 billion, while Vodafone believes it’s closer to $130 billion.
No formal offer has yet been tabled but Verizon is reported to have hired advisors to help it make an offer to Vodafone.
Verizon is considered to be the crown jewel in the Vodafone asset base. At its current share price Vodafone’s total current market valuation stands at $146 Bn.
The tax bill for the deal is likely to be in the range of $ 5Bn -$25 Bn. The wide range is because of the lack of clarity of the holding structures.
Please watch this space for more on this deal.
Update: Reuters earlier reports on April 27, 2013 that six major shareholders of Vodafone wanted a minimum of $120 Bn.
Best Buy has struggled in recent years in the face of growing competition, offline and online from the likes of Walmart and Amazon. Best Buy reported flat revenue of $50 billion for the last fiscal year ending Feb 2013. However, for the quarter ended Feb 2013, Best Buy reportedly trimmed its losses to $409 Mn, compared with a loss of $1.82 billion last year.
The Exit of Best Buy is happening within 5 years of the announcement of the EU JV with CPW. The JV – Best Buy Europe was launched in 2008 with both parties aggressively announcing the launch of 200 stores by 2013. The financial crisis spoilt the party for the JV.
The fault lines in the relationship started to appear in late 2011, when Best Buy picked up CPW’s 50 percent stake in Best Buy Mobile (US & Canada) for $1.3Bn. Best Buy Europe was estimated to generate a topline of $5.5 Bn for the current fiscal ending May 4, 2013!
T-Mobile USA and MetroPCS officially closed their merger transaction and are now trading as one entity under the stock symbol TMUS. The new entity will now be called T-Mobile US.
T-mobile will start the process of migrating MetroPCS’s CDMA customers to its LTE network. The new combined entity is called T-mobile US and will be based in Bellevue, Washington. Timotheus Höttges will serve as chairman of the board, comprising of 11 members. Braxton Carter will be the CFO of the combined entity.
DT owns 74 percent of the new entity and the remaining 26 percent is owned by MetroPCS shareholders. MetroPCS shareholders received $4.06 per share, totalling a payout of $1.5 Billion in cash.
The real motivation behind the deal was the spectrum held by MetroPCS, particularly the AWS spectrum. TMUS will have a total of 76 MHz in 25 major metro areas. The transaction will allow TMUS to deploy 2X20 MHz LTE in 90 percent of the top 25 US markets using MetroPCS’ spectrum in 2014 and beyond. TMUS will have a total of 60,000 cell sites and distributed antenna nodes, i.e approximately 765 subs per cell site.
MetroPCS’ flat-rate brand will be taken nationwide and will run in parallel to T-Mobile’s prepaid brand (GoSmart).
TMUS now has a total of 43 Million subscribers – 34 Mn of T-Mobile and 8.99 Mn of MetroPCS.
CTIA released figures showing mobile internet data traffic in the US rose 69.3 percent in 2012 as compared to a year ago. Mobile internet traffic rose from 866.6 Billion MB in 2011 to 1.468 Trillion MB in 2012. There is a sharp drop in terms of rate of growth compared to a year ago. In 2011 the growth rate was 123 percent compared to 2012, which has now shrunk to 69.3 percent in 2012 from 2011.
CTIA also highlighted that the annual network investments mobile operators in the US grew by 19 percent from $25.3 Billion in 2011 to $30.1 Billion in 2012. This translates to an investment of US$ 94 per subscriber in the US compared to US$ 16 per subscriber for the rest of the world!
“The U.S. wireless industry’s record-setting level of network investment is clear proof of its continued commitment to providing Americans with superior 4G coverage. The wireless industry invested billions of dollars to improve their networks and their customers’ coverage in 2012, fueling the ‘virtuous cycle’ of innovation,” said Steve Largent, president and CEO of CTIA. “The numbers clearly prove our members are key drivers of the U.S. economy, which will be enhanced by making more spectrum available for commercial use.”
Some key statistics from the 2012 year end survey are as below:
– Wireless subscriber connections: 326.4 million (102 percent penetration); 2011: 315.9 million (3.3 percent increase).
– Total prepaid / pay-as-you-go subscribers: 76.4 million (23.4 percent of subscribers); 2011: 71.7 million (6.6 percent increase).
– Wireless network data traffic: 1.468 trillion megabytes; 2011: 866.8 billion (69.3 percent increase).
– Active smartphones and wireless-enabled PDAs: 152.1 million; 2011: 111.5 million (36.4 percent increase).
– Wireless-enabled tablets, laptops and modems: 22.3 million; 2011: 20.2 million (10.2 percent increase).
– Minutes of Use (MOU): 2.2999 trillion; 2011: 2.2955 trillion (4.4 billion minute increase or .2 percent).
– SMS sent and received: 2.19 trillion; 2011: 2.3 trillion (4.9 percent decrease).
– MMS sent and received: 74.5 billion; 2011: 52.8 billion (41 percent increase).
According to the FCC, 25 percent of cell towers in ten states were disrupted or damaged during the Hurricane. More Here
RadiumOne has introduced Via.Me for Android, an Android app that makes creating, filtering and sharing pictures, videos, audio notes, across multiple social networks as easy as two clicks. Via.Me is already available as both an iPhone app and destination web site.
Via.Me is also the first photo, video and audio platform to provide a seamless user experience across mobile devices and the desktop, an increasing necessity in today’s multi-device world.
Some of Via.Me for Android standout features for consumers include photo filters, multiple file types, real-time alerts, easy cross-posting and intuitive user interface. The app is now available for download on Google Play.
A recent survey by comScore, which analysed the trends in the mobile segment from May to July 2012, reveals that Samsung still continues to be the market leader in the handset segment with a market share of 25.6 percent. As per the report, Google Android continued to lead among smartphone platforms, accounting for 52.2 percent of smartphone subscribers, while Apple secured 33.4 percent.
LG accounted for a market share of 18.4 percent, while Apple continued to gain share in the OEM market, ranking third with 16.3 percent of mobile subscribers (up 1.9 percentage points), followed by Motorola with 11.2 percent and HTC with 6.4 percent (up 0.4 percentage points), reveals the report.
In terms of smartpone platforms, the report found that Google Android ranked as the top smartphone platform with 52.2 percent market share (up 1.4 percentage points), while Apple’s share increased 2 percentage points to 33.4 percent. RIM ranked third with 9.5 percent share, followed by Microsoft (3.6 percent) and Symbian (0.8 percent).
MetroPCS Communications now offers more choices for those consumers who want to have it all from their wireless service at unparalleled value with a new even more affordable addition to its 4G LTE smartphone portfolio – the LG Motion 4G. The powerful Android smartphone puts a feature-rich handset experience and exceptional 4G LTE service within reach for value-conscious consumers – starting at just $40 per month – taxes and regulatory fees included.
Building on its vision to provide the best deal in town for 4G LTE, MetroPCS also unveiled a promotional 4G LTE service plan that is only available for a limited time but offers benefits that can last a lifetime – unlimited talk, text and 4G LTE data for only $55 per month for a single line. Families can get this unbeatable offer for just $50 per month on the account’s second, third and fourth lines. Even though the promotional service plan is available for a limited time only, customers will continue to receive service at the promotional price for as long as they maintain service with MetroPCS. The $55 service plan can save individuals up to $2,200 over the course of two years in service costs alone when compared to similar competitor offers.
MetroPCS is celebrating the launch of this new handset and unlimited 4G LTE promotional plan launches by offering consumers a mail-in rebate on the second of any two 4G LTE smartphone purchases. The rebate offer applies to all MetroPCS 4G LTE phones, including the newly launched LG Motion 4G, meaning customers can get a feature-rich 4G LTE smartphone for as low as $99 plus tax and unlimited 4G LTE wireless service for as low as $50 per month.
As MetroPCS’ first smartphone powered by Android 4.0 (Ice Cream Sandwich), the LG Motion 4G has everything consumers need to fully utilize the benefits of one of the most advanced Android versions available. Its 1.2 GHz dual-core processor makes multi-tasking easy while consumers use the phone’s 5MP still camera, 1080p HD video recorder and browse the web and multimedia on the 3.5” touchscreen.
The LG Motion 4G supports MetroPCS’ 4G LTE Mobile Hotspot service, for additional charge, and is offered at $149 plus tax. Consumers interested in purchasing the device can visit their local MetroPCS store or go online to purchase the phone and sign up for service beginning later this week.
T-Mobile USA announced an industry first — a truly unlimited nationwide 4G data plan. Featuring no data caps, speed limits or bill shock, as well as fast, dependable nationwide 4G coverage, T-Mobile’s new unlimited nationwide 4G data plan offers the ultimate worry-free experience. The new plan is designed to satisfy both data-hungry customers who want to experience all their smartphones are capable of and those wanting the peace of mind of never having to keep track of their data usage.
Today’s smartphones offer amazing experiences, and consumers are increasingly relying on them for everything from navigation, entertainment and shopping to just staying connected. With the introduction of the unlimited nationwide 4G data plan, T-Mobile is the only U.S. carrier to empower customers to do what they want, when they want, with their smartphones by making fast, nationwide 4G data accessible for everyone — without limits and at a great value.
Kevin McLaughlin, vice president, marketing, T-Mobile USA said that they are big believers in customer-driven innovation, and the unlimited nationwide 4G data plan is the answer to customers who are frustrated by the cost, complexity and congested networks of competitors. He said that consumers want the freedom of unlimited 4G data.
For customers seeking an unlimited experience on their smartphones, T-Mobile offers several ways for new and existing customers to take advantage of its unlimited nationwide 4G data plan. New customers can purchase any smartphone in T-Mobile’s robust lineup of innovative devices or bring their own compatible smartphone and have access to a worry-free unlimited data experience on T-Mobile’s fast nationwide 4G network. Current T-Mobile customers on Classic or Value plans can simply upgrade their existing service by adding an unlimited nationwide 4G data plan.
The unlimited nationwide 4G data plan will cost $20 per month when added to a Value voice and text plan or $30 per month when added to a Classic voice and text plan. For example, a single line Value plan with unlimited talk and text combined with unlimited nationwide 4G data will cost $69.99 or a single line Classic plan with unlimited talk, unlimited text and unlimited nationwide 4G data will cost $89.99.
Available starting Sept. 5, T-Mobile’s unlimited nationwide 4G data plan will provide smartphone customers with uncompromised, dependable access to data on the blazing-fast speeds of T-Mobile’s nationwide 4G network.